It removes Hum from your Ac/Dc power adaptor, cleaing it up with 2 capacitors and 1 resistor.
It is super easy to build, and would recommend it to newbies.
assuming that you already have GOOD cables and a GOOD power supply, it dont make that much difference, although it makes a diffence on those hi gain pedals.
It is a project i found on "Beavis Audio Research":
http://www.beavisaudio.com/projects/Huminator/index.htm
My chuck norris approved huminator:
Inside(The first set of DC plug i put in was the wrong size, so just added the correct ones on the sides):
It would have been easier to just do it on a veroboard i suppose. :?